Terms to Know: Force Majeure
“Force majeure” is French for superior power. Why, then, is this phrase included in most American contracts? A typical force majeure...
Terms to Know: Limitation of Liability
The limitation of liability is where a seller limits the kinds of remedies a buyer can get if the warranties or other parts of the...
Terms to Know: Implied Warranty
There are several implied terms in every contract that are provided in commercial statutes. Here is an overview of what these implied...
